Equities research analysts expect Ship Finance International Limited (NYSE:SFL) to announce $98.92 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ship Finance International’s earnings, with the lowest sales estimate coming in at $93.10 million and the highest estimate coming in at $104.73 million. Ship Finance International posted sales of $97.85 million in the same quarter last year, which suggests a positive year over year growth rate of 1.1%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Ship Finance International will report full-year sales of $98.92 million for the current fiscal year, with estimates ranging from $377.90 million to $389.51 million. For the next financial year, analysts anticipate that the business will report sales of $406.85 million per share, with estimates ranging from $399.30 million to $414.39 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Ship Finance International.

Ship Finance International (NYSE:SFL) last announced its earnings results on Wednesday, November 22nd. The shipping company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The company had revenue of $93.67 million during the quarter, compared to the consensus estimate of $97.50 million. Ship Finance International had a net margin of 28.66% and a return on equity of 11.02%.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Ship Finance International from a “strong sell” rating to a “hold” rating in a research note on Friday, September 15th. Clarkson Capital upgraded shares of Ship Finance International from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $16.00.

Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Ship Finance International by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 45,661 shares of the shipping company’s stock worth $621,000 after buying an additional 196 shares during the period. Stifel Financial Corp lifted its stake in shares of Ship Finance International by 2.1% during the second quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock worth $150,000 after buying an additional 226 shares during the period. Advisory Services Network LLC lifted its stake in shares of Ship Finance International by 0.4% during the second quarter. Advisory Services Network LLC now owns 80,160 shares of the shipping company’s stock worth $1,090,000 after buying an additional 288 shares during the period. Geneva Advisors LLC lifted its stake in shares of Ship Finance International by 3.2% during the second quarter. Geneva Advisors LLC now owns 12,735 shares of the shipping company’s stock worth $173,000 after buying an additional 400 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Ship Finance International by 0.6% during the second quarter. TIAA CREF Investment Management LLC now owns 164,002 shares of the shipping company’s stock worth $2,230,000 after buying an additional 980 shares during the period. Institutional investors and hedge funds own 33.43% of the company’s stock.

Shares of Ship Finance International (SFL) traded up $0.05 on Friday, reaching $14.70. 667,784 shares of the company’s stock traded hands, compared to its average volume of 719,808. The firm has a market capitalization of $1,374.52, a P/E ratio of 11.05 and a beta of 1.41. Ship Finance International has a 52 week low of $12.30 and a 52 week high of $16.10. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.13.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $1.40 annualized dividend and a dividend yield of 9.52%. Ship Finance International’s payout ratio is currently 117.65%.

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Ship Finance International Company Profile

Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.

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Earnings History and Estimates for Ship Finance International (NYSE:SFL)

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